Employers can find themselves in an adverse selection problem if there are too:

A. many applicants for each job.
B. few applicants for each job.
C. many qualified applicants for each job.
D. many underqualified applicants for each job.

Answer: D

Economics

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Measurement of the official poverty level

a. includes all transfers b. excludes all transfers c. includes cash transfers but not in-kind transfers d. includes in-kind transfers but not cash transfers e. is always measured in real rather than nominal terms

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Decreasing the required reserve ratio is an expansionary policy because it increases the amount of excess reserves in the banking system

a. True b. False Indicate whether the statement is true or false

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